ACC 304 help A Guide to career/Snaptutorial ACC 304 help A Guide to career/Snaptutorial | Page 18

1 )
The following information pertains to Parsons Co .:
Preferred stock , cumulative :
Par value per share
$ 100
Dividend rate
8 %
Shares outstanding
9,000
Dividends in arrears
none
Common stock :
Par value per share
$ 10
Shares issued
100,000
Dividends paid per share
$ 2.00
Market price per share
$ 47
Additional paid-in capital
$ 480,000
Unappropriated retained earnings ( after closing )
$ 250,000
Retained earnings appropriated for contingencies
$ 280,000
Common treasury stock :
Number of shares
9,000
Total cost
$ 240,000
Net income
$ 610,000
Compute ( assume no changes in balances during the past year ): ( Round per share and ratios to 2 decimal places , e . g . $ 15.75 or 15.75 %.) ( a ) Total amount of stockholders ' equity in the balance sheet $
( b )
Earnings per share of common stock
$
per share
( c )
Book value per share of common stock
$
per share ( d )
Payout ratio of common stock
% ( e )
Return on common stock equity
%